Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem!

What Will Students Learn?

• Describe the art of finance and key financial terms.
• Determine your role in company finances.
• Find the rules and regulations for your area and industry.
• Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings.
• Explain how a chart of accounts is created.
• Tell the difference between cash and accrual accounting.
• Explain single-entry and double-entry bookkeeping.
• Differentiate between debits and credits.